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What is QuarkChain?
A lack of scalability is perhaps the biggest obstacle standing between blockchain and mainstream adoption, and there's a long list of crypto projects focused on solving this widespread problem.
QuarkChain's solution to the problem is based on a 2-layer architecture and employs sharding. The first layer features elastic sharding blockchains (shards), which partition large databases into smaller and more manageable components and allow transactions to be processed independently. The more shards there are in the network, the more transactions can be processed concurrently.
The second layer is the root chain. The role of this layer is not to actually process transactions but to confirm blocks from the sharded chains. The end result is "a secure, decentralised and scalable blockchain solution to deliver 100,000+ on-chain transactions per second", according to the project whitepaper.
The aim is for QuarkChain to be able to support a wide range of dapps, particularly those requiring high transaction rates, such as the Internet of Things (IoT), artificial intelligence and large-scale games. QuarkChain also supports smart contracts to ensure compatibility with existing dapps.
QuarkChain's native token, QKC, was launched during a May 2018 ICO and is needed to transact value in the QuarkChain system and reward miners.
QuarkChain (QKC) is the 502nd largest cryptocurrency in the world by market cap, valued at $108,540,808. The current price of QuarkChain is $0.0237401226, which is -1.252% lower than yesterday. Prices have ranged between $0.0249446916 and $0.023161446 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of March 27, 2024 07:03 UTC.
QuarkChain (QKC) price
Use our graph to track the performance of (QKC) over time.How we keep this QuarkChain guide up-to-date
- QKC price data is regularly updated through data feeds so you always have the latest information.
QuarkChain at a glance
Information last updated March 27, 2024 07:03 UTC.
| Coin symbol | QKC |
|---|---|
| Coin Marketcap | AUD$108,540,808 |
| Total QKC supply | 10,000,000,000 |
| Circulating QKC | 6,972,902,487 |
| Current price | AUD$0.0237401226 |
| All time high | AUD$0.7956 |
| All time high date | June 05, 2018 |
| Notable team members | Qi Zhou |
| Partnerships | DragonVein, Knit finance |
| Industry | Cryptocurrency |
| Token uses | Digital currency, utility token |
| Network | QuarkChain |
QuarkChain price performance over time
Historical prices compared with the price of $0.0237401226.
| 1 hour | -0.31% |
|---|---|
| 24 hours | -1.25% |
| 7 days | 24.37% |
| 14 days | -11.19% |
| 30 days | 42.33% |
|---|---|
| 60 days | 56.85% |
| 200 days | 108.92% |
| 1 year | 41.40% |
Coins similar to Quark-chain
Disclaimer: Cryptocurrencies, including QuarkChain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QKC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the QuarkChain or any other cryptocurrency discussed.
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